Gol Linhas Aereas Inteligentes S.A. (GOL) : Traders are bullish on Gol Linhas Aereas Inteligentes S.A. (GOL) as it has outperformed the S&P 500 by a wide margin of 19.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.4%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.36% in the last 1 week, and is up 19.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
GOL Linhas Aereas Inteligentes S.A. is up 171.54% in the last 3-month period. Year-to-Date the stock performance stands at 254.91%. The stock has recorded a 20-day Moving Average of 15.52% and the 50-Day Moving Average is 50.97%.
Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL): The stock opened at $20.95 on Friday but the bulls could not build on the opening and the stock topped out at $21.22 for the day. The stock traded down to $20.16 during the day, due to lack of any buying support eventually closed down at $20.23 with a loss of -4.08% for the day. The stock had closed at $21.09 on the previous day. The total traded volume was 180,520 shares.
Also, Deutsche Bank upgrades its view on Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Sell. The rating by the firm was issued on July 20, 2016.
Gol Linhas Aereas Inteligentes SA (Gol) is a Brazil-based holding company primarily engaged in the passenger air transportation sector. Through its subsidiaries, such as VRG Linhas Aereas SA, GAC Inc and Gol Finance, the Company is involved in the provision of scheduled and non-scheduled passenger air transportation services, as well as cargo and mail bags freight air transportation. The Company offers national and international concessions. Additionally, it is involved in the provision of passenger air chartering services. Apart from Brazil, the Company carries out its activities in Cayman Islands. As of September 30, 2012, the Companys operational fleet totaled 147 aircrafts and its non-operating fleet consisted of three planes.